Oregon Statutes 18.963 – Who may redeem
(1) Subject to subsection (3) of this section, property that is described in ORS § 18.962 and that is sold at an execution sale may be redeemed by:
Terms Used In Oregon Statutes 18.963
- Execution: means enforcement of the money award portion of a judgment or enforcement of a judgment requiring delivery of the possession or sale of specific real or personal property, by means of writs of execution, writs of garnishment and other statutory or common law writs or remedies that may be available under the law. See Oregon Statutes 18.005
- Judgment: means the concluding decision of a court on one or more requests for relief in one or more actions, as reflected in a judgment document. See Oregon Statutes 18.005
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(a) The judgment debtor;
(b) A mortgagor whose interest in the property was sold at the execution sale;
(c) Any person with a lien against the property that has a priority that is inferior to the claim of the judgment creditor; or
(d) The successor in interest of any person described in paragraph (a), (b) or (c) of this subsection.
(2) Subject to subsection (3) of this section, for the purposes of ORS § 18.960 to 18.985:
(a) All references to a judgment debtor include a mortgagor whose interest in the property that was sold at the execution sale and any successor in interest to such a mortgagor;
(b) All references to a judgment debtor include a successor in interest to a judgment debtor; and
(c) A person described in subsection (1)(c) of this section, and any successor in interest of that person, is a lien claimant.
(3) Any person described in subsection (1) of this section who conveys all of the person’s interest in property sold on execution to a successor in interest may not redeem the property. [2005 c.542 § 39]